1. In global corporate governance some corporation have excelled and some have failed. Explain and elaborate on the success and failures of global corporate corporate governance? Give examples of two countries in different continents?
2. Choose two countries that are culturally diverse? Compare the cultures of both countries and the influence of culture on:
a) Cost of doing business in each country?
b) the business practices and ethics?
1. In global corporate governance some corporation have excelled and some have failed. Explain and elaborate on the success and failures of global corporate governance? Give examples of two countries in different continents?
As very well explained by Professor Mauro Guillen in his paper (Corporate Governance and Globalization: Is There Convergence Across Countries?), "A poorly conceived [corporate governance] system can wreak havoc on the economy by misallocating resources or failing to check opportunistic behaviors" (Knowledge @ Warton, 2002).
There have been numerous instances of success as well failure in terms of the global corporate governances in companies (Rajagopalan & Zhang, 2009). The various scandals have placed a major importance on the overall aspect of corporate governance practices and have brought out the question of whether a company operates in the same manner in different economies. While operating in different countries, there are different aspects that need to be considered (Knowledge @ Warton, 2002). Globalization ...
Detailed discussions have been provided for each of the questions along with references for further readings.